Question: PLEASE SHOW WORK~!!!!!! Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied

PLEASE SHOW WORK~!!!!!!

Kropf Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.

Inputs

Standard Quantity or Hours per Unit of Output

Standard Price or Rate

Direct materials

7.80

liters

$

7.40

per liter

Direct labor

0.40

hours

$

25.70

per hour

Variable manufacturing overhead

0.40

hours

$

6.30

per hour

The company has reported the following actual results for the product for September:

Actual output

10,000

units

Raw materials purchased

78,500

liters

Actual cost of raw materials purchased

$

586,500

Raw materials used in production

78,020

liters

Actual direct labor-hours

3,800

hours

Actual direct labor cost

$

100,302

Actual variable overhead cost

$

20,314

Required:

a. Compute the materials price variance for September.

b. Compute the materials quantity variance for September.

c. Compute the labor rate variance for September.

d. Compute the labor efficiency variance for September.

e. Compute the variable overhead rate variance for September.

f. Compute the variable overhead efficiency variance for September.

(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

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